{"id":162,"date":"2019-07-03T11:03:23","date_gmt":"2019-07-03T15:03:23","guid":{"rendered":"http:\/\/goyenko.vascoweb.biz\/research\/"},"modified":"2019-09-05T14:09:11","modified_gmt":"2019-09-05T18:09:11","slug":"recherche","status":"publish","type":"page","link":"https:\/\/goyenko.vascoweb.biz\/fr\/recherche\/","title":{"rendered":"Recherche"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column width=\u00a0\u00bb11\/12&Prime; offset=\u00a0\u00bbvc_col-sm-offset-1&Prime;][vc_custom_heading text=\u00a0\u00bbPublications\u00a0\u00bb font_container=\u00a0\u00bbtag:h1|text_align:left\u00a0\u00bb use_theme_fonts=\u00a0\u00bbyes\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1562350514113{margin-bottom: 45px !important;}\u00a0\u00bb][\/vc_column][\/vc_row][vc_row equal_height=\u00a0\u00bbyes\u00a0\u00bb content_placement=\u00a0\u00bbmiddle\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1562185411190{margin-bottom: 20px !important;border-top-width: 1px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;padding-top: 15px !important;padding-bottom: 15px !important;border-left-color: #65b57e !important;border-left-style: solid !important;border-right-color: #65b57e !important;border-right-style: solid !important;border-top-color: #65b57e !important;border-top-style: solid !important;border-bottom-color: #65b57e !important;border-bottom-style: solid !important;}\u00a0\u00bb][vc_column width=\u00a0\u00bb2\/3&Prime; offset=\u00a0\u00bbvc_col-sm-offset-1&Prime; css=\u00a0\u00bb.vc_custom_1562185388899{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][vc_custom_heading text=\u00a0\u00bbIlliquidity Premia in the Equity Options Market\u00a0\u00bb font_container=\u00a0\u00bbtag:h2|font_size:111%25|text_align:left|color:%23626262|line_height:125%25&Prime; google_fonts=\u00a0\u00bbfont_family:Ubuntu%3A300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\u00a0\u00bb el_class=\u00a0\u00bbquote-embed\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1562360286328{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][vc_column_text css=\u00a0\u00bb.vc_custom_1562263088989{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb]with Peter Christoffersen, Kris Jacobs and Mehdi Karoui<br \/>\nReview of Financial Studies, 31 (3), 2018, 811\u2013851 (Editor\u2019s Choice, Lead article)[\/vc_column_text][\/vc_column][vc_column width=\u00a0\u00bb1\/4&Prime; css=\u00a0\u00bb.vc_custom_1567607193610{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb offset=\u00a0\u00bbvc_hidden-xs\u00a0\u00bb][vc_btn title=\u00a0\u00bbDownload PDF\u00a0\u00bb style=\u00a0\u00bboutline-custom\u00a0\u00bb outline_custom_color=\u00a0\u00bb#65b57e\u00a0\u00bb outline_custom_hover_background=\u00a0\u00bb#65b57e\u00a0\u00bb outline_custom_hover_text=\u00a0\u00bb#ffffff\u00a0\u00bb size=\u00a0\u00bblg\u00a0\u00bb link=\u00a0\u00bburl:http%3A%2F%2Fgoyenko.vascoweb.biz%2Fwp-content%2Fuploads%2F2019%2F09%2Filliquidity-premia-in-the-equity-options-market.pdf||target:%20_blank|\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1567606434653{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][vc_btn title=\u00a0\u00bb\u00a0\u00bb style=\u00a0\u00bboutline-custom\u00a0\u00bb outline_custom_color=\u00a0\u00bb#65b57e\u00a0\u00bb outline_custom_hover_background=\u00a0\u00bb#65b57e\u00a0\u00bb outline_custom_hover_text=\u00a0\u00bb#ffffff\u00a0\u00bb size=\u00a0\u00bblg\u00a0\u00bb i_icon_fontawesome=\u00a0\u00bbfa fa-external-link\u00a0\u00bb add_icon=\u00a0\u00bbtrue\u00a0\u00bb link=\u00a0\u00bburl:https%3A%2F%2Fpapers.ssrn.com%2Fsol3%2Fpapers.cfm%3Fabstract_id%3D1784868||target:%20_blank|\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1567606457132{margin-top: 0px !important;margin-bottom: 0px !important;margin-left: 15px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][\/vc_column][vc_column width=\u00a0\u00bb1\/6&Prime; offset=\u00a0\u00bbvc_hidden-lg vc_hidden-md vc_hidden-sm\u00a0\u00bb][vc_btn title=\u00a0\u00bb\u00a0\u00bb style=\u00a0\u00bboutline-custom\u00a0\u00bb outline_custom_color=\u00a0\u00bb#65b57e\u00a0\u00bb outline_custom_hover_background=\u00a0\u00bb#65b57e\u00a0\u00bb outline_custom_hover_text=\u00a0\u00bb#ffffff\u00a0\u00bb size=\u00a0\u00bblg\u00a0\u00bb i_icon_fontawesome=\u00a0\u00bbfa fa-download\u00a0\u00bb add_icon=\u00a0\u00bbtrue\u00a0\u00bb link=\u00a0\u00bburl:http%3A%2F%2Fgoyenko.vascoweb.biz%2Fwp-content%2Fuploads%2F2019%2F09%2Filliquidity-premia-in-the-equity-options-market.pdf||target:%20_blank|\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1567606449036{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][vc_btn title=\u00a0\u00bb\u00a0\u00bb style=\u00a0\u00bboutline-custom\u00a0\u00bb outline_custom_color=\u00a0\u00bb#65b57e\u00a0\u00bb outline_custom_hover_background=\u00a0\u00bb#65b57e\u00a0\u00bb outline_custom_hover_text=\u00a0\u00bb#ffffff\u00a0\u00bb size=\u00a0\u00bblg\u00a0\u00bb i_icon_fontawesome=\u00a0\u00bbfa fa-external-link\u00a0\u00bb add_icon=\u00a0\u00bbtrue\u00a0\u00bb link=\u00a0\u00bburl:https%3A%2F%2Fpapers.ssrn.com%2Fsol3%2Fpapers.cfm%3Fabstract_id%3D1784868||target:%20_blank|\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1567606457132{margin-top: 0px !important;margin-bottom: 0px !important;margin-left: 15px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][\/vc_column][\/vc_row][vc_row equal_height=\u00a0\u00bbyes\u00a0\u00bb content_placement=\u00a0\u00bbmiddle\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1562185411190{margin-bottom: 20px !important;border-top-width: 1px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;padding-top: 15px !important;padding-bottom: 15px !important;border-left-color: #65b57e !important;border-left-style: solid !important;border-right-color: #65b57e !important;border-right-style: solid !important;border-top-color: #65b57e !important;border-top-style: solid !important;border-bottom-color: #65b57e !important;border-bottom-style: solid !important;}\u00a0\u00bb][vc_column width=\u00a0\u00bb2\/3&Prime; offset=\u00a0\u00bbvc_col-sm-offset-1&Prime; css=\u00a0\u00bb.vc_custom_1562185388899{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][vc_custom_heading text=\u00a0\u00bbTreasury Bond Illiquidity and Global Equity Returns\u00a0\u00bb font_container=\u00a0\u00bbtag:h2|font_size:111%25|text_align:left|color:%23626262|line_height:125%25&Prime; google_fonts=\u00a0\u00bbfont_family:Ubuntu%3A300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\u00a0\u00bb el_class=\u00a0\u00bbquote-embed\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1562263106295{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][vc_column_text css=\u00a0\u00bb.vc_custom_1562263114528{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb]with Sergei Sarkissian<br \/>\nJournal of Financial and Quantitative Analysis, (49) (2014), 1227-1253[\/vc_column_text][\/vc_column][vc_column width=\u00a0\u00bb1\/6&Prime; css=\u00a0\u00bb.vc_custom_1562360052979{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb offset=\u00a0\u00bbvc_hidden-xs\u00a0\u00bb][vc_btn title=\u00a0\u00bbDownload PDF\u00a0\u00bb style=\u00a0\u00bboutline-custom\u00a0\u00bb outline_custom_color=\u00a0\u00bb#65b57e\u00a0\u00bb outline_custom_hover_background=\u00a0\u00bb#65b57e\u00a0\u00bb outline_custom_hover_text=\u00a0\u00bb#ffffff\u00a0\u00bb size=\u00a0\u00bblg\u00a0\u00bb link=\u00a0\u00bburl:http%3A%2F%2Fgoyenko.vascoweb.biz%2Fwp-content%2Fuploads%2F2019%2F07%2FJFQA-2015.pdf||target:%20_blank|\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1562595679456{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][\/vc_column][vc_column width=\u00a0\u00bb1\/6&Prime; offset=\u00a0\u00bbvc_hidden-lg vc_hidden-md vc_hidden-sm\u00a0\u00bb][vc_btn title=\u00a0\u00bb\u00a0\u00bb style=\u00a0\u00bboutline-custom\u00a0\u00bb outline_custom_color=\u00a0\u00bb#65b57e\u00a0\u00bb outline_custom_hover_background=\u00a0\u00bb#65b57e\u00a0\u00bb outline_custom_hover_text=\u00a0\u00bb#ffffff\u00a0\u00bb size=\u00a0\u00bblg\u00a0\u00bb i_icon_fontawesome=\u00a0\u00bbfa fa-download\u00a0\u00bb add_icon=\u00a0\u00bbtrue\u00a0\u00bb link=\u00a0\u00bburl:http%3A%2F%2Fgoyenko.vascoweb.biz%2Fwp-content%2Fuploads%2F2019%2F07%2FJFQA-2015.pdf||target:%20_blank|\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1562595688442{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][\/vc_column][\/vc_row][vc_row equal_height=\u00a0\u00bbyes\u00a0\u00bb content_placement=\u00a0\u00bbmiddle\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1562185411190{margin-bottom: 20px !important;border-top-width: 1px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;padding-top: 15px !important;padding-bottom: 15px !important;border-left-color: #65b57e !important;border-left-style: solid !important;border-right-color: #65b57e !important;border-right-style: solid !important;border-top-color: #65b57e !important;border-top-style: solid !important;border-bottom-color: #65b57e !important;border-bottom-style: solid !important;}\u00a0\u00bb][vc_column width=\u00a0\u00bb2\/3&Prime; offset=\u00a0\u00bbvc_col-sm-offset-1&Prime; css=\u00a0\u00bb.vc_custom_1562185388899{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][vc_custom_heading text=\u00a0\u00bbMutual Fund\u2019s R2 as Predictor of Performance\u00a0\u00bb font_container=\u00a0\u00bbtag:h2|font_size:111%25|text_align:left|color:%23626262|line_height:125%25&Prime; google_fonts=\u00a0\u00bbfont_family:Ubuntu%3A300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\u00a0\u00bb el_class=\u00a0\u00bbquote-embed\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1562263125794{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][vc_column_text css=\u00a0\u00bb.vc_custom_1562263133987{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb]with Yakov Amihud<br \/>\nReview of Financial Studies, 26 (3) (2013), 667-694[\/vc_column_text][\/vc_column][vc_column width=\u00a0\u00bb1\/6&Prime; css=\u00a0\u00bb.vc_custom_1562360052979{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb offset=\u00a0\u00bbvc_hidden-xs\u00a0\u00bb][vc_btn title=\u00a0\u00bbDownload PDF\u00a0\u00bb style=\u00a0\u00bboutline-custom\u00a0\u00bb outline_custom_color=\u00a0\u00bb#65b57e\u00a0\u00bb outline_custom_hover_background=\u00a0\u00bb#65b57e\u00a0\u00bb outline_custom_hover_text=\u00a0\u00bb#ffffff\u00a0\u00bb size=\u00a0\u00bblg\u00a0\u00bb link=\u00a0\u00bburl:http%3A%2F%2Fgoyenko.vascoweb.biz%2Fwp-content%2Fuploads%2F2019%2F07%2FRev-Financ-Stud-2013-Amihud-Goyenko.pdf||target:%20_blank|\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1562595496076{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][\/vc_column][vc_column width=\u00a0\u00bb1\/6&Prime; offset=\u00a0\u00bbvc_hidden-lg vc_hidden-md vc_hidden-sm\u00a0\u00bb][vc_btn title=\u00a0\u00bb\u00a0\u00bb style=\u00a0\u00bboutline-custom\u00a0\u00bb outline_custom_color=\u00a0\u00bb#65b57e\u00a0\u00bb outline_custom_hover_background=\u00a0\u00bb#65b57e\u00a0\u00bb outline_custom_hover_text=\u00a0\u00bb#ffffff\u00a0\u00bb size=\u00a0\u00bblg\u00a0\u00bb i_icon_fontawesome=\u00a0\u00bbfa fa-download\u00a0\u00bb add_icon=\u00a0\u00bbtrue\u00a0\u00bb link=\u00a0\u00bburl:http%3A%2F%2Fgoyenko.vascoweb.biz%2Fwp-content%2Fuploads%2F2019%2F07%2FRev-Financ-Stud-2013-Amihud-Goyenko.pdf||target:%20_blank|\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1562595487373{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][\/vc_column][\/vc_row][vc_row equal_height=\u00a0\u00bbyes\u00a0\u00bb content_placement=\u00a0\u00bbmiddle\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1562185411190{margin-bottom: 20px !important;border-top-width: 1px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;padding-top: 15px !important;padding-bottom: 15px !important;border-left-color: #65b57e !important;border-left-style: solid !important;border-right-color: #65b57e !important;border-right-style: solid !important;border-top-color: #65b57e !important;border-top-style: solid !important;border-bottom-color: #65b57e !important;border-bottom-style: solid !important;}\u00a0\u00bb][vc_column width=\u00a0\u00bb2\/3&Prime; offset=\u00a0\u00bbvc_col-sm-offset-1&Prime; css=\u00a0\u00bb.vc_custom_1562185388899{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][vc_custom_heading text=\u00a0\u00bbThe Term Structure of Bond Market Liquidity and Its Implications for Expected Bond Returns\u00a0\u00bb font_container=\u00a0\u00bbtag:h2|font_size:111%25|text_align:left|color:%23626262|line_height:125%25&Prime; google_fonts=\u00a0\u00bbfont_family:Ubuntu%3A300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\u00a0\u00bb el_class=\u00a0\u00bbquote-embed\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1562263143841{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][vc_column_text css=\u00a0\u00bb.vc_custom_1562263151405{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb]with Avanidhar Subrahmanyam and Andrey Ukhov<br \/>\nJournal of Financial and Quantitative Analysis, 46 (2011), 111-139[\/vc_column_text][\/vc_column][vc_column width=\u00a0\u00bb1\/6&Prime; css=\u00a0\u00bb.vc_custom_1562360052979{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb offset=\u00a0\u00bbvc_hidden-xs\u00a0\u00bb][vc_btn title=\u00a0\u00bbDownload PDF\u00a0\u00bb style=\u00a0\u00bboutline-custom\u00a0\u00bb outline_custom_color=\u00a0\u00bb#65b57e\u00a0\u00bb outline_custom_hover_background=\u00a0\u00bb#65b57e\u00a0\u00bb outline_custom_hover_text=\u00a0\u00bb#ffffff\u00a0\u00bb size=\u00a0\u00bblg\u00a0\u00bb link=\u00a0\u00bburl:http%3A%2F%2Fgoyenko.vascoweb.biz%2Fwp-content%2Fuploads%2F2019%2F07%2FGoyenko-Subrahmanyam-Ukhov-JFQA-2011.pdf||target:%20_blank|\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1562595170598{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][\/vc_column][vc_column width=\u00a0\u00bb1\/6&Prime; offset=\u00a0\u00bbvc_hidden-lg vc_hidden-md vc_hidden-sm\u00a0\u00bb][vc_btn title=\u00a0\u00bb\u00a0\u00bb style=\u00a0\u00bboutline-custom\u00a0\u00bb outline_custom_color=\u00a0\u00bb#65b57e\u00a0\u00bb outline_custom_hover_background=\u00a0\u00bb#65b57e\u00a0\u00bb outline_custom_hover_text=\u00a0\u00bb#ffffff\u00a0\u00bb size=\u00a0\u00bblg\u00a0\u00bb i_icon_fontawesome=\u00a0\u00bbfa fa-download\u00a0\u00bb add_icon=\u00a0\u00bbtrue\u00a0\u00bb link=\u00a0\u00bburl:http%3A%2F%2Fgoyenko.vascoweb.biz%2Fwp-content%2Fuploads%2F2019%2F07%2FGoyenko-Subrahmanyam-Ukhov-JFQA-2011.pdf||target:%20_blank|\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1562595162214{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][\/vc_column][\/vc_row][vc_row equal_height=\u00a0\u00bbyes\u00a0\u00bb content_placement=\u00a0\u00bbmiddle\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1562185411190{margin-bottom: 20px !important;border-top-width: 1px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;padding-top: 15px !important;padding-bottom: 15px !important;border-left-color: #65b57e !important;border-left-style: solid !important;border-right-color: #65b57e !important;border-right-style: solid !important;border-top-color: #65b57e !important;border-top-style: solid !important;border-bottom-color: #65b57e !important;border-bottom-style: solid !important;}\u00a0\u00bb][vc_column width=\u00a0\u00bb2\/3&Prime; offset=\u00a0\u00bbvc_col-sm-offset-1&Prime; css=\u00a0\u00bb.vc_custom_1562185388899{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][vc_custom_heading text=\u00a0\u00bbStock and Bond Market Liquidity: A Long-Run Empirical Analysis\u00a0\u00bb font_container=\u00a0\u00bbtag:h2|font_size:111%25|text_align:left|color:%23626262|line_height:125%25&Prime; google_fonts=\u00a0\u00bbfont_family:Ubuntu%3A300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\u00a0\u00bb el_class=\u00a0\u00bbquote-embed\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1562263024582{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][vc_column_text css=\u00a0\u00bb.vc_custom_1562263014733{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb]with Andrey Ukhov<br \/>\nJournal of Financial and Quantitative Analysis, 44 (2009), 189-212[\/vc_column_text][\/vc_column][vc_column width=\u00a0\u00bb1\/6&Prime; css=\u00a0\u00bb.vc_custom_1562360052979{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb offset=\u00a0\u00bbvc_hidden-xs\u00a0\u00bb][vc_btn title=\u00a0\u00bbDownload PDF\u00a0\u00bb style=\u00a0\u00bboutline-custom\u00a0\u00bb outline_custom_color=\u00a0\u00bb#65b57e\u00a0\u00bb outline_custom_hover_background=\u00a0\u00bb#65b57e\u00a0\u00bb outline_custom_hover_text=\u00a0\u00bb#ffffff\u00a0\u00bb size=\u00a0\u00bblg\u00a0\u00bb link=\u00a0\u00bburl:http%3A%2F%2Fgoyenko.vascoweb.biz%2Fwp-content%2Fuploads%2F2019%2F07%2FGoyenko-Ukhov-JFQA-2009.pdf||target:%20_blank|\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1562595248880{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][\/vc_column][vc_column width=\u00a0\u00bb1\/6&Prime; offset=\u00a0\u00bbvc_hidden-lg vc_hidden-md vc_hidden-sm\u00a0\u00bb][vc_btn title=\u00a0\u00bb\u00a0\u00bb style=\u00a0\u00bboutline-custom\u00a0\u00bb outline_custom_color=\u00a0\u00bb#65b57e\u00a0\u00bb outline_custom_hover_background=\u00a0\u00bb#65b57e\u00a0\u00bb outline_custom_hover_text=\u00a0\u00bb#ffffff\u00a0\u00bb size=\u00a0\u00bblg\u00a0\u00bb i_icon_fontawesome=\u00a0\u00bbfa fa-download\u00a0\u00bb add_icon=\u00a0\u00bbtrue\u00a0\u00bb link=\u00a0\u00bburl:http%3A%2F%2Fgoyenko.vascoweb.biz%2Fwp-content%2Fuploads%2F2019%2F07%2FGoyenko-Ukhov-JFQA-2009.pdf||target:%20_blank|\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1562595259463{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][\/vc_column][\/vc_row][vc_row equal_height=\u00a0\u00bbyes\u00a0\u00bb content_placement=\u00a0\u00bbmiddle\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1562185411190{margin-bottom: 20px !important;border-top-width: 1px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;padding-top: 15px !important;padding-bottom: 15px !important;border-left-color: #65b57e !important;border-left-style: solid !important;border-right-color: #65b57e !important;border-right-style: solid !important;border-top-color: #65b57e !important;border-top-style: solid !important;border-bottom-color: #65b57e !important;border-bottom-style: solid !important;}\u00a0\u00bb][vc_column width=\u00a0\u00bb2\/3&Prime; offset=\u00a0\u00bbvc_col-sm-offset-1&Prime; css=\u00a0\u00bb.vc_custom_1562185388899{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][vc_custom_heading text=\u00a0\u00bbDo Liquidity Measures Measure Liquidity?\u00a0\u00bb font_container=\u00a0\u00bbtag:h2|font_size:111%25|text_align:left|color:%23626262|line_height:125%25&Prime; google_fonts=\u00a0\u00bbfont_family:Ubuntu%3A300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\u00a0\u00bb el_class=\u00a0\u00bbquote-embed\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1562263225685{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][vc_column_text css=\u00a0\u00bb.vc_custom_1562263235138{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb]with Craig Holden and Charles Trzcinka<br \/>\nJournal of Financial Economics, 92 (2009), 153-181<\/p>\n<p>Winner of the Fama\/DFA Prize for the best paper in the Journal of Financial Economics in the Areas of Capital Markets and Asset Pricing (second prize)[\/vc_column_text][\/vc_column][vc_column width=\u00a0\u00bb1\/6&Prime; css=\u00a0\u00bb.vc_custom_1562360052979{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb offset=\u00a0\u00bbvc_hidden-xs\u00a0\u00bb][vc_btn title=\u00a0\u00bbDownload PDF\u00a0\u00bb style=\u00a0\u00bboutline-custom\u00a0\u00bb outline_custom_color=\u00a0\u00bb#65b57e\u00a0\u00bb outline_custom_hover_background=\u00a0\u00bb#65b57e\u00a0\u00bb outline_custom_hover_text=\u00a0\u00bb#ffffff\u00a0\u00bb size=\u00a0\u00bblg\u00a0\u00bb link=\u00a0\u00bburl:http%3A%2F%2Fgoyenko.vascoweb.biz%2Fwp-content%2Fuploads%2F2019%2F07%2FGoyenko-Holden-Trzcinka_2009_JFE.pdf||target:%20_blank|\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1562595073087{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][\/vc_column][vc_column width=\u00a0\u00bb1\/6&Prime; offset=\u00a0\u00bbvc_hidden-lg vc_hidden-md vc_hidden-sm\u00a0\u00bb][vc_btn title=\u00a0\u00bb\u00a0\u00bb style=\u00a0\u00bboutline-custom\u00a0\u00bb outline_custom_color=\u00a0\u00bb#65b57e\u00a0\u00bb outline_custom_hover_background=\u00a0\u00bb#65b57e\u00a0\u00bb outline_custom_hover_text=\u00a0\u00bb#ffffff\u00a0\u00bb size=\u00a0\u00bblg\u00a0\u00bb i_icon_fontawesome=\u00a0\u00bbfa fa-download\u00a0\u00bb add_icon=\u00a0\u00bbtrue\u00a0\u00bb link=\u00a0\u00bburl:http%3A%2F%2Fgoyenko.vascoweb.biz%2Fwp-content%2Fuploads%2F2019%2F07%2FGoyenko-Holden-Trzcinka_2009_JFE.pdf||target:%20_blank|\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1562595295671{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][\/vc_column][\/vc_row][vc_row][vc_column offset=\u00a0\u00bbvc_hidden-xs\u00a0\u00bb][vc_empty_space height=\u00a0\u00bb20px\u00a0\u00bb][\/vc_column][vc_column offset=\u00a0\u00bbvc_hidden-lg vc_hidden-md vc_hidden-sm\u00a0\u00bb][vc_empty_space height=\u00a0\u00bb20px\u00a0\u00bb][\/vc_column][\/vc_row][vc_row][vc_column width=\u00a0\u00bb11\/12&Prime; offset=\u00a0\u00bbvc_col-sm-offset-1&Prime;][vc_custom_heading text=\u00a0\u00bbM\u00e9dias\u00a0\u00bb font_container=\u00a0\u00bbtag:h1|text_align:left\u00a0\u00bb use_theme_fonts=\u00a0\u00bbyes\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1567535194759{margin-bottom: 45px !important;}\u00a0\u00bb][\/vc_column][\/vc_row][vc_row equal_height=\u00a0\u00bbyes\u00a0\u00bb content_placement=\u00a0\u00bbmiddle\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1562185411190{margin-bottom: 20px !important;border-top-width: 1px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;padding-top: 15px !important;padding-bottom: 15px !important;border-left-color: #65b57e !important;border-left-style: solid !important;border-right-color: #65b57e !important;border-right-style: solid !important;border-top-color: #65b57e !important;border-top-style: solid !important;border-bottom-color: #65b57e !important;border-bottom-style: solid !important;}\u00a0\u00bb][vc_column width=\u00a0\u00bb2\/3&Prime; offset=\u00a0\u00bbvc_col-sm-offset-1&Prime; css=\u00a0\u00bb.vc_custom_1562185388899{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][vc_custom_heading text=\u00a0\u00bbHow to Find a Fund Manager Who Can Beat the Market (Wall Street Journal)\u00a0\u00bb font_container=\u00a0\u00bbtag:h2|font_size:111%25|text_align:left|color:%23626262|line_height:125%25&Prime; google_fonts=\u00a0\u00bbfont_family:Ubuntu%3A300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\u00a0\u00bb el_class=\u00a0\u00bbquote-embed\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1562262968734{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][vc_column_text css=\u00a0\u00bb.vc_custom_1562262981005{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb]January 11, 2013, featuring the paper: \u201cMutual Fund\u2019s R2 as Predictor of Performance\u201d with Yakov Amihud<br \/>\nReview of Financial Studies, 26 (3) (2013), 667-694[\/vc_column_text][\/vc_column][vc_column width=\u00a0\u00bb1\/6&Prime; css=\u00a0\u00bb.vc_custom_1562360052979{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb offset=\u00a0\u00bbvc_hidden-xs\u00a0\u00bb][\/vc_column][vc_column width=\u00a0\u00bb1\/6&Prime; offset=\u00a0\u00bbvc_hidden-lg vc_hidden-md vc_hidden-sm\u00a0\u00bb][\/vc_column][\/vc_row][vc_row][vc_column offset=\u00a0\u00bbvc_hidden-xs\u00a0\u00bb][vc_empty_space height=\u00a0\u00bb20px\u00a0\u00bb][\/vc_column][vc_column offset=\u00a0\u00bbvc_hidden-lg vc_hidden-md vc_hidden-sm\u00a0\u00bb][vc_empty_space height=\u00a0\u00bb20px\u00a0\u00bb][\/vc_column][\/vc_row][vc_row][vc_column width=\u00a0\u00bb11\/12&Prime; offset=\u00a0\u00bbvc_col-sm-offset-1&Prime;][vc_custom_heading text=\u00a0\u00bbPublications non-acad\u00e9miques\u00a0\u00bb font_container=\u00a0\u00bbtag:h1|text_align:left\u00a0\u00bb use_theme_fonts=\u00a0\u00bbyes\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1567535307709{margin-bottom: 45px !important;}\u00a0\u00bb][\/vc_column][\/vc_row][vc_row equal_height=\u00a0\u00bbyes\u00a0\u00bb content_placement=\u00a0\u00bbmiddle\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1562185411190{margin-bottom: 20px !important;border-top-width: 1px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;padding-top: 15px !important;padding-bottom: 15px !important;border-left-color: #65b57e !important;border-left-style: solid !important;border-right-color: #65b57e !important;border-right-style: solid !important;border-top-color: #65b57e !important;border-top-style: solid !important;border-bottom-color: #65b57e !important;border-bottom-style: solid !important;}\u00a0\u00bb][vc_column width=\u00a0\u00bb2\/3&Prime; offset=\u00a0\u00bbvc_col-sm-offset-1&Prime; css=\u00a0\u00bb.vc_custom_1562185388899{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][vc_custom_heading text=\u00a0\u00bbHow to Measure the Skills of Your Fund Manager\u00a0\u00bb font_container=\u00a0\u00bbtag:h2|font_size:111%25|text_align:left|color:%23626262|line_height:125%25&Prime; google_fonts=\u00a0\u00bbfont_family:Ubuntu%3A300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\u00a0\u00bb el_class=\u00a0\u00bbquote-embed\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1562262941210{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][vc_column_text css=\u00a0\u00bb.vc_custom_1562262951534{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb]with Yakov Amihud<br \/>\nThe American Association of Individual Investors, April, 2015[\/vc_column_text][\/vc_column][vc_column width=\u00a0\u00bb1\/6&Prime; css=\u00a0\u00bb.vc_custom_1562360052979{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb offset=\u00a0\u00bbvc_hidden-xs\u00a0\u00bb][vc_btn title=\u00a0\u00bbDownload PDF\u00a0\u00bb style=\u00a0\u00bboutline-custom\u00a0\u00bb outline_custom_color=\u00a0\u00bb#65b57e\u00a0\u00bb outline_custom_hover_background=\u00a0\u00bb#65b57e\u00a0\u00bb outline_custom_hover_text=\u00a0\u00bb#ffffff\u00a0\u00bb size=\u00a0\u00bblg\u00a0\u00bb link=\u00a0\u00bburl:http%3A%2F%2Fgoyenko.vascoweb.biz%2Fwp-content%2Fuploads%2F2019%2F07%2FAAII-Journal_Apr-2015_Amihud-Goyenko.pdf||target:%20_blank|\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1562594992770{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][\/vc_column][vc_column width=\u00a0\u00bb1\/6&Prime; offset=\u00a0\u00bbvc_hidden-lg vc_hidden-md vc_hidden-sm\u00a0\u00bb][vc_btn title=\u00a0\u00bb\u00a0\u00bb style=\u00a0\u00bboutline-custom\u00a0\u00bb outline_custom_color=\u00a0\u00bb#65b57e\u00a0\u00bb outline_custom_hover_background=\u00a0\u00bb#65b57e\u00a0\u00bb outline_custom_hover_text=\u00a0\u00bb#ffffff\u00a0\u00bb size=\u00a0\u00bblg\u00a0\u00bb i_icon_fontawesome=\u00a0\u00bbfa fa-download\u00a0\u00bb add_icon=\u00a0\u00bbtrue\u00a0\u00bb link=\u00a0\u00bburl:http%3A%2F%2Fgoyenko.vascoweb.biz%2Fwp-content%2Fuploads%2F2019%2F07%2FAAII-Journal_Apr-2015_Amihud-Goyenko.pdf||target:%20_blank|\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1562595003976{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][\/vc_column][\/vc_row][vc_row][vc_column offset=\u00a0\u00bbvc_hidden-xs\u00a0\u00bb][vc_empty_space height=\u00a0\u00bb20px\u00a0\u00bb][\/vc_column][vc_column offset=\u00a0\u00bbvc_hidden-lg vc_hidden-md vc_hidden-sm\u00a0\u00bb][vc_empty_space height=\u00a0\u00bb20px\u00a0\u00bb][\/vc_column][\/vc_row][vc_row][vc_column width=\u00a0\u00bb11\/12&Prime; offset=\u00a0\u00bbvc_col-sm-offset-1&Prime;][vc_custom_heading text=\u00a0\u00bbDocuments de travail\u00a0\u00bb font_container=\u00a0\u00bbtag:h1|text_align:left\u00a0\u00bb use_theme_fonts=\u00a0\u00bbyes\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1567535455485{margin-bottom: 45px !important;}\u00a0\u00bb][\/vc_column][\/vc_row][vc_row equal_height=\u00a0\u00bbyes\u00a0\u00bb content_placement=\u00a0\u00bbmiddle\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1562185411190{margin-bottom: 20px !important;border-top-width: 1px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;padding-top: 15px !important;padding-bottom: 15px !important;border-left-color: #65b57e !important;border-left-style: solid !important;border-right-color: #65b57e !important;border-right-style: solid !important;border-top-color: #65b57e !important;border-top-style: solid !important;border-bottom-color: #65b57e !important;border-bottom-style: solid !important;}\u00a0\u00bb][vc_column width=\u00a0\u00bb2\/3&Prime; 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offset=\u00a0\u00bbvc_col-sm-offset-1&Prime; css=\u00a0\u00bb.vc_custom_1562185388899{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][vc_custom_heading text=\u00a0\u00bbInformed Trading of Options, Option Expiration Risk, and Future Stock Returns\u00a0\u00bb font_container=\u00a0\u00bbtag:h2|font_size:111%25|text_align:left|color:%23626262|line_height:125%25&Prime; google_fonts=\u00a0\u00bbfont_family:Ubuntu%3A300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\u00a0\u00bb el_class=\u00a0\u00bbquote-embed\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1562262879522{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb][vc_column_text css=\u00a0\u00bb.vc_custom_1562262871535{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}\u00a0\u00bb]with Martijn Cremers (Notre Dame), Paul Schultz (Notre Dame) and Stephen Szaura (McGill)[\/vc_column_text][\/vc_column][vc_column width=\u00a0\u00bb1\/4&Prime; 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